Blockchain-based processes could save claims handlers nearly 1.5 million hours each year. (Photo: Alexander Yakimov/Shutterstock) Blockchain-based processes could save claims handlers nearly 1.5 million hours each year. (Photo: Alexander Yakimov/Shutterstock)

The Institutes RiskStream Collaborative has analyzed the benefits that blockchain and distributed ledger technology (DLT) applications could bring the insurance industry.

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